Check-Cashing Shops Offer Bank-Like Loyalty Programs

A handful of alternative financial service providers are adding or enhancing loyalty programs to resemble perks more typical of banking relationships.

The check-cashing stores, which sell numerous financial services and often rely on high-traffic locations to draw in business, are crunching transaction data to offer cash back and free service upgrades, among other benefits. The intent is to draw in repeat business from customers who transact in their stores but could also very well have bank accounts.